General Mills $($GIS$)$ just paid an annual dividend of $$1\mathrm{.}1$ for the most recent year. The current stock price is $$23\mathrm{.}42.$

Assuming investors expect a constant growth rate in dividends of $5\mathrm{.}3\%$ into perpetuity, what is the implied required return being demanded by investors?

Enter your answer in decimal form out to four decimals. For exame, you would enter r$=10\mathrm{.}15\%$ as $0\mathrm{.}1015.$